Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pioneer Natural Resources Company (NYSE:PXD) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,083 shares of the oil and gas development company’s stock after purchasing an additional 4,422 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pioneer Natural Resources were worth $6,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PXD. State Board of Administration of Florida Retirement System grew its stake in shares of Pioneer Natural Resources by 1.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 247,807 shares of the oil and gas development company’s stock worth $36,561,000 after acquiring an additional 4,040 shares in the last quarter. Summit Global Investments grew its stake in shares of Pioneer Natural Resources by 83.4% in the second quarter. Summit Global Investments now owns 9,178 shares of the oil and gas development company’s stock worth $1,465,000 after acquiring an additional 4,173 shares in the last quarter. State of Tennessee Treasury Department grew its stake in shares of Pioneer Natural Resources by 66.4% in the second quarter. State of Tennessee Treasury Department now owns 191,154 shares of the oil and gas development company’s stock worth $30,504,000 after acquiring an additional 76,268 shares in the last quarter. First Washington CORP grew its stake in shares of Pioneer Natural Resources by 34.0% in the second quarter. First Washington CORP now owns 16,385 shares of the oil and gas development company’s stock worth $2,615,000 after acquiring an additional 4,160 shares in the last quarter. Finally, Clinton Group Inc. acquired a new position in shares of Pioneer Natural Resources in the second quarter worth $642,000. 89.53% of the stock is currently owned by institutional investors.

In related news, VP Teresa A. Fairbrook sold 880 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $130.49, for a total value of $114,831.20. Following the completion of the sale, the vice president now directly owns 7,648 shares of the company’s stock, valued at $997,987.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jerome D. Hall, Jr. sold 1,800 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $155.23, for a total transaction of $279,414.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,490 shares of company stock valued at $2,926,897. Insiders own 0.89% of the company’s stock.

Several research firms have commented on PXD. Stifel Nicolaus set a $236.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $214.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Mizuho set a $190.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded shares of Pioneer Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, KeyCorp set a $180.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $194.20.

Shares of Pioneer Natural Resources Company (NYSE:PXD) traded down $4.11 during mid-day trading on Monday, hitting $149.99. 472,945 shares of the company were exchanged, compared to its average volume of 1,864,282. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $26,210.00, a P/E ratio of 107.76, a P/E/G ratio of 9.92 and a beta of 0.96. Pioneer Natural Resources Company has a 12-month low of $125.46 and a 12-month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last issued its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. equities analysts expect that Pioneer Natural Resources Company will post 1.53 earnings per share for the current fiscal year.

WARNING: “Pioneer Natural Resources Company (PXD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/pioneer-natural-resources-company-pxd-shares-bought-by-zurcher-kantonalbank-zurich-cantonalbank/1729388.html.

Pioneer Natural Resources Profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

Receive News & Ratings for Pioneer Natural Resources Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Natural Resources Company and related companies with Analyst Ratings Network's FREE daily email newsletter.